SEC v. COR Clearing, LLC (2018)

Settled

✓ Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In 2018 the SEC settled an administrative order against COR Clearing, LLC for failing to file suspicious activity reports on customers' deposits and sales of low-priced securities, with an $800,000 civil penalty.

The record

What was ordered

Civil penalty

$800k

Disgorgement

—

Prejudgment interest

—

Total relief

$800k

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

On September 28, 2018 the SEC accepted a settlement with COR Clearing, LLC, a clearing broker-dealer. The order finds that from January 2015 to June 2016 COR cleared sales of low-priced securities deposited in large blocks by customers of its introducing firms, and failed to file suspicious activity reports on a subset of those transactions, in violation of Exchange Act Section 17(a) and Rule 17a-8. It imposes a censure and an $800,000 civil penalty.

Unregistered distributions appear in the order only as the risk named in COR's own compliance policies and in a FINRA notice cited in a footnote. The order finds a reporting failure by the clearing firm and does not find that COR violated Section 5.

This library does not assign a technique tag to the matter, because no technique page in the current taxonomy describes the conduct the document records.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

1. 2018-09-28 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.